International Graphite (ASX:IG6) has confirmed a third high-grade discovery at the Springdale Graphite project, after receiving assay results from ten holes showing shallow graphite mineralisation 500m south of the existing mineral resource.
International Graphite's Managing Director and CEO Andrew Worland says large parcels of its ground holding show significant anomalies and represent excellent further targets for exploration drilling:
"The success of our exploration to date and the likelihood of being able to replicate it at the sites of these untested anomalies give us great confidence that we can significantly expand the Springdale mineral resource base over time with targeted drilling."
Shares of International Graphite (ASX:IG6) closed up 3% in today's trading.